Fund Evaluator:
Nomura Limited-Term Diversified Inc I (DTINX)
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Fund Details
Nomura Limited-Term Diversified Inc I Overview
Nomura Limited-Term Diversified Inc I (DTINX) is an actively managed Taxable Bond Short-Term Bond fund. Nomura launched the fund in 1992.
The investment seeks maximum total return, consistent with reasonable risk. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in investment grade fixed income securities, including, but not limited to, fixed income securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, and by U.S. corporations. The fund may invest up to 20% of its net assets in below-investment-grade securities.
About Nomura Limited-Term Diversified Inc I (DTINX)
There are 7 members of the management team with an average tenure of 0.50 years: Kashif Ishaq (2025), Janaki Rao (2024), Mansur Rasul (2025), Amy Chang (2026), Chris Parham (2026), Stephen Kotsen (2026), David Crall (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Govt/Credit 1-3 Yr TR USD index with a weighting of 100%. Nomura Limited-Term Diversified Inc I has 284 securities in its portfolio. The top 10 holdings constitute 38.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Nomura Limited-Term Diversified Inc I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Nomura Limited-Term Diversified Inc I has 14.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.7% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.7% (84.7% domestic bond, 14.0% foreign bond and 0.0% convertible bond). Nomura Limited-Term Diversified Inc I has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $261 million in total assets, which is below the $893 million average for the Short-Term Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DTINX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Nomura Limited-Term Diversified Inc I expense ratio is average compared to funds in the Short-Term Bond category. Nomura Limited-Term Diversified Inc I has an expense ratio of 0.40%, which is 40% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Nomura Limited-Term Diversified Inc I has a portfolio turnover rate of 233%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 134% for the Short-Term Bond category.
Recently, in the month of June 2026, Nomura Limited-Term Diversified Inc I returned -0.0%, which earned it a grade of F, as the Short-Term Bond category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Nomura Limited-Term Diversified Inc I has a trailing yield of 4.24%, which is above the 4.15% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Nomura Limited-Term Diversified Inc I Grades
Year to date, the fund has returned 0.9%, 0.0 percentage points better than the category, which translates into a grade of C. The fund has returned 3.4% over the past year (grade of C), 5.0% over the past three years (grade of D) and 2.3% per year over the past five years (grade of C) and 2.2% per year over the past 10 years (grade of C).
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DTINX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DTINX Return (NAV) | -0.0% | 0.8% | 3.4% | 5.0% | 2.3% | 2.2% |
| DTINX Grade | F | B | C | D | C | C |
| +/- Category | -0.1% | 0.1% | -0.2% | -0.2% | -0.0% | -0.2% |
| Short-Term Bond Avg | 0.1% | 0.8% | 3.5% | 5.2% | 2.3% | 2.3% |
| DTINX Tax Cost Ratio | na | na | 1.7% | 1.7% | 1.4% | 1.2% |
DTINX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DTINX Return (NAV) | 0.9% | 5.4% | 4.6% | 5.3% | -4.1% | -0.3% | 4.3% | 4.7% | -0.9% | 2.4% | 2.4% |
| DTINX Grade | C | D | D | C | B | C | C | C | F | B | B |
| +/- Category | 0.0% | -0.5% | -0.3% | -0.3% | 0.9% | -0.3% | 0.1% | -0.1% | -1.6% | 0.5% | -0.1% |
| Short-Term Bond Avg | 0.9% | 5.9% | 4.9% | 5.6% | -5.0% | -0.0% | 4.2% | 4.8% | 0.7% | 1.8% | 2.5% |
| Risk Measures | |
| Standard Deviation: | 1.6% |
| Total Risk Index: | 0.13 - Low |
| Category Risk Index: | 0.82 - Below Average |
| Category Risk Grade: | B (31% Rank) |
| Beta: | 0.26 |
| R-Squared: | 87% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 4.2% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $597 Mil |
| Fund Total Assets: | $ 262 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 233% |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 2.2 years | |||
| Average Tenure: 0.5 years | |||
| Managers (Year): Rao Janaki (2024), Rasul Mansur (2025), Ishaq Kashif (2025), Chang Amy (2026), Parham Chris (2026), Kotsen Stephen (2026), Crall David (2026) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 284 |
| % in Top 10 Holdings: | 38.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 14.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.7% |
| Domestic Bond: | 84.7% |
| Foreign Bond: | 14.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | Nomura |
| Phone Number: | 800-523-1918 |
| Website: | www.delawareinvestments.com |
| Status: | Open |
| Inception Date: | June 1, 1992 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.40% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.66% |
| Share Class: | Nomura Limited-Term Diversified Inc A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
